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According to reports, adults ages 55 and older make up 14 percent of the total population in the U.S.
Americans in this age bracket are also the most susceptible to consumer fraud.
Statistics show that 40 percent of consumer fraud cases happen to people who are in their fifties and older.
Telemarketing Fraud
Reports from the AARP claim that telemarketing fraud cheats Americans out of $40 billion yearly.
More than 50 percent of telemarketing fraud cases occur to victims who are older.
Why Are Older Citizens Targeted?
Researchers believe that there are some main reasons why older adults become the victims of consumer fraud, including:
• Older adults were raised to be generally polite and trusting, which makes them easy targets in the eyes of fraud artists
• Consumers who are older tend to be at home more and are therefore easier to reach
• They're more likely to have disposable income and excellent credit ratings
In order to avoid becoming the victim of consumer fraud, researchers suggest that the public educate themselves on how to avoid a fraud victim.
(Source: Word&Way)
Do you believe that you've been the victim of consumer fraud? If so, please contact an experienced consumer fraud attorney to get the legal guidance you need and deserve.
Consumer fraud class action lawsuits are specifically designed to help individuals who have been similarly aggrieved to pursue a common goal – namely to hold the deceptive business accountable for any damages suffered. Thus, consumers who have been defrauded by a corporation or other entity may file a consumer fraud class action lawsuit on behalf of themselves and others to seek compensation for their shared grievance.
If you feel you have been the victim of consumer fraud or any type of fraud, please contact us to learn about your legal rights and options. WE VALUE YOUR PRIVACY: any information you provide on this secure form will be held in the strictest confidence and will only be used by our attorneys to determine how we can help you.